Enabling Credit Rating Agencies (CRAs) to undertake rating activities under IFSCA

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..... Regulation 9(f) of SEBI (Credit Rating Agencies) Regulations, 1999 ( CRA Regulations ), Para 25 of the Master Circular for CRAs dated May 16, 2024 provides that CRAs may undertake the rating of financial instruments under the respective guidelines of the financial sector regulators/ authorities. To enable CRAs to undertake rating activities in the International Financial Services Centre - Gujarat .....

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..... r judicial bodies, in respect to the services provided by the CRAs in the IFSC. 3. The circular shall be applicable with immediate effect. 4. This circular is issued with the approval of competent authority, in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of CRA Regulations to protect the interest o .....

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